Nirmitee Robotics IPO Review

IPO Status: Closed [31st Mar 2020 to 9th Apr 2020]

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Nirmitee Robotics India Ltd SME IPO review covers all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, important dates and much more. The Nirmitee Robotics India Ltd opens on 31-Mar-2020 and closes on 9-Apr-2020.

Fresh Issue:₹3.24 Cr.

Company Incorporated Year:2016

Sector: HVAC Air Duct Cleaning services

Website: www.nirmiteerobotics.com/

About the Company

Nirmitee Robotics India Ltd (NRIL) is Nagpur-based India’s leading HVAC Air Duct Cleaning Company in India. The business is primarily engaged in Ozone treatment and HVAC Air Ducts sterilization. Company uses robotic technology to clean the HVAC Air ducts by scrubbing, scraping, sucking, polishing, and removing accumulated contaminants i.e. dust, bacteria, debris, mold, etc.

Company has even developed its own patented air duct inspection and air duct cleaning robots to do the cleaning, inspection, and post-cleaning operations. The business not just operates domestically but also has international presence with offices all over the world. Company serves duct cleaning services to Offices, Convention Centers, Hospitals, Hotels, Trains, Buses, Aircraft, and Building with sensitive equipment i.e. Operation Theatres, Data Centers etc.

The business is ISO 9001:2015 and NADCA certified that itself evident the high quality management system and ethical and regulatory compliance.At the end of FY 2018-19, the firm has reported net profit after tax worth Rs. 20.73 Lac.

Nirmitee Robotics IPO Objective

The net proceed from the IPO issue will be utilized for the following purposes:

  • To utilize the funds for the redemption of preference shares.
  • To acquire registered office, R&D facility and assembling unit on a long-term sustainable basis.
  • To meet the general corporate purposes.

Nirmitee Robotics IPO Details

Nirmitee Robotics IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    Nirmitee Robotics IPO Details
    Nirmitee Robotics Issue Details Values
    IPO Category SME
    IPO Issue Type Fixed Price Issue IPO
    IPO Issue Size 175,200 Eq Shares of ₹10 (aggregating up to ₹3.24 Cr)
    Fresh Issue ₹3.24 Crore.
    Face Value ₹10 Per Equity Share
    IPO Issue Price ₹185 Per Equity Share
    IPO Discount
    Market Lot 600 Shares
    Min Order Qty 600 Shares
    Max Retail Qty 600 Shares
    Promoter Holding Pre IPO 100%
    Promoter Holding Post IPO 70.81%
    IPO Listing At BSE-SME
    BSE Code
    NSE Code

Nirmitee Robotics IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers - 0
  • Non-Institutional Investors - 82800
  • Retail Individual Investor - 82800
  • Employees Quota - 0
  • Shareholders and Other Quota - 0
IPO Bidding Updates (BSE + NSE) Live
DayDateQIBNIIRIIEMPOtherTotal
0828008280000165600
131st Mar 2020 18:510x0.1159x0x0x0x0.058x
21st Apr 2020 18:510x0.1159x0.0072x0x0x0.0616x
32nd Apr 2020 18:510x0.1159x0.0072x0x0x0.0616x
43rd Apr 2020 18:510x0.4638x0.1522x0x0x0.308x
56th Apr 2020 18:510x0.4638x0.1522x0x0x0.308x
67th Apr 2020 18:510x1.058x0.2029x0x0x0.6304x
78th Apr 2020 18:510x1.413x0.4058x0x0x0.9094x
89th Apr 2020 18:510x1.6739x0.6304x0x0x1.1522x

Nirmitee Robotics Financials for past 3 Years

Past performance and financial results of Nirmitee Robotics.

    Nirmitee Robotics financial
    Nirmitee Robotics India Ltd IPO Financials 31-Dec-2019 31-Mar-2019 31-Mar-2018 31-Mar-2017
    Total Assets ₹225.22 Lakhs ₹238.65 Lakhs ₹105.99 Lakhs ₹12.37 Lakhs
    Total Revenue ₹99.84 Lakhs ₹203.59 Lakhs ₹70.22 Lakhs ₹5.91 Lakhs
    Net Profit/Loss ₹2.63 Lakhs ₹20.73 Lakhs ₹2.16 Lakhs ₹0.53 Lakhs

Nirmitee Robotics IPO Strengths

  • One of the pioneering company in HVAC Air Ducts Cleaning.
  • Use of robotic technology wherein custom-designed robots are used for cleaning operations.
  • Strong customer base i.e. hospitals, trains, buses, convention centers, data centers etc.
  • Highly experienced and qualified managerial team.
  • Competent team of mechanical, electrical, and project engineers to offer the best services.
  • Customer-specific cleaning solutions.
  • Quality services by strict compliance with quality management tools.

Nirmitee Robotics IPO Threats/Weaknesses

  • Inability to win new projects and contracts.
  • Rely upon the third party robotics fabrication.
  • Difficulties to anticipate project cost and work complexities.
  • Substantial revenue dependence on few clients.
  • To compete with domestic and international market players, NRIL may need to reduce prices that will shrink margins.

Nirmitee Robotics IPO Recommendations

Nirmitee Robotics IPO Important Dates

In this section we have covered all imporatant dates related to Nirmitee Robotics IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    Nirmitee Robotics IPO important dates
    IPO Activity Date
    IPO Issue Open Date 31st Mar 2020
    IPO Issue Close Date 9th Apr 2020
    Basis of Allotment Finalisation Date* 16th Apr 2020
    Refunds Initiation* 17th Apr 2020
    Credit of Shares to Demat Account* 20th Apr 2020
    IPO Listing Date* 21st Apr 2020

* - Tentative Dates

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Nirmitee Robotics IPO Draft Prospectus >>Document

Nirmitee Robotics IPO Red Herring Prospectus >>Nirmitee Robotics IPO Red Herring Prospectus is not yet available, will update the link once its availble for Investors.

Nirmitee Robotics IPO Allotment Status >>Nirmitee Robotics IPO Allotment is not declared yet, expected to be declear by 16th Apr 2020, will provide the link once allotment is out.

Company Address

Nirmitee Robotics India Ltd
C/o Manisha Sales,
D 3/2, Hingna MIDC,
Nagpur - 440028, Maharashtra
Website: http://www.nirmiteerobotics.com
Email: [email protected]
Phone: +91 9422881677

Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E),
Mumbai - 400059
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Lead Manager

  • Aryaman Financial Services limited
Nirmitee Robotics IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Nirmitee Robotics? Should I apply in Nirmitee Robotics IPO?

Last Updated on 2020-04-06T04:30:13+00:00

Nirmitee Robotics IPO FAQs

  1. 1. How to subscribe Nirmitee Robotics IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Nirmitee Robotics IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Nirmitee Robotics IPO with Zerodha.

    Alternate approch to apply in Nirmitee Robotics IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Nirmitee Robotics IPO Review and Important Updates

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    Discuss this question

  2. 2. How to apply in Nirmitee Robotics IPOs online?

    Apply in Nirmitee Robotics IPO online

    To subscribe or apply in Nirmitee Robotics IPO, you can use the following methods:

    Nirmitee Robotics IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Nirmitee Robotics IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Nirmitee Robotics IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Nirmitee Robotics IPO. Most of the Syndicate Banks provide access to apply in Nirmitee Robotics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Nirmitee Robotics IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Nirmitee Robotics IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Nirmitee Robotics IPO Review and Important Updates

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  3. 4. What is the listing date of Nirmitee Robotics IPO?

    Nirmitee Robotics IPO is going to be list on 21-04-2020.

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    When Nirmitee Robotics IPO will be listing? Nirmitee Robotics IPO listing date?Nirmitee Robotics IPO date of listing

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  4. 5. When Nirmitee Robotics IPO will be allocated?

    Nirmitee Robotics IPO Allotment Date is 16-04-2020.

    Other relevant questions:

    Nirmitee Robotics IPO share allotment date?Nirmitee Robotics IPO allotment date?

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  5. 6. When Nirmitee Robotics IPO will open?

    Nirmitee Robotics IPO Issue Open Date is 31-03-2020.

    Other relevant questions:

    Nirmitee Robotics IPO start date? When Nirmitee Robotics IPO Open Date? When to invest in Nirmitee Robotics IPO?

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  6. 7. When Nirmitee Robotics IPO will close?

    Nirmitee Robotics IPO Issue Close Date is 09-04-2020.

    Other relevant questions:

    Nirmitee Robotics IPO end date? When Nirmitee Robotics IPO Close Date? Last Date to invest in Nirmitee Robotics IPO?

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  7. 8. What is the price of Nirmitee Robotics IPO for retail investor?

    Nirmitee Robotics IPO price for retail investor is ₹185 Per Equity Share.

    Discuss this question

  8. 9. What is the lot size of Nirmitee Robotics IPO for retail investor?

    Nirmitee Robotics IPO lot size for retail investor is 600 Shares(Min) and 600 Shares (Max).

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  9. 10. Can I invest in Nirmitee Robotics IPO via UPI?

    Yes, you can invest in Nirmitee Robotics IPO via UPI. If applying online, you can use UPI as well as ASBA. If applying through physical form, UPI is mandatory.

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User Comments

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5. RAJANI Monga  3/27/2020 1:02:37 AM Reply
Nirmitee Robotics IPO expected listing gain.
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4. vinodkumar N. Brahmbhatt  3/27/2020 1:02:37 AM Reply
Please confirm Nirmitee Robotics IPO GMP (grey market premium) and kostak.
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3. mukesh kumar baug  3/27/2020 1:02:37 AM Reply
Nirmitee Robotics IPO good or bad.
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2. papiya ghosh  3/27/2020 1:02:37 AM Reply
Nirmitee Robotics IPO whether to invest or not.
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1. Akiri Govinda  3/27/2020 1:02:37 AM Reply
Nirmitee Robotics IPO - CRISIL Rating, Apply or not?.

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